At dawn on Wednesday an army of 1.7 million foot soldiers and 400,000 vehicles will fan out across towns and cities in China. Its mission? To begin delivering 760m parcels expected to be ordered during a 24-hour orgy of spending that is described as the world’s greatest online shopping fiesta.
Singles’ Day – or Double Eleven, as most Chinese call it in reference to the day on which it falls – was reputedly started on 11 November 1993 by singleton students who were seeking an excuse to buy themselves presents.
WalterBMorgan 1h ago
How can double eleven days be bad? The Chinese economy, we are told, need rebalancing or in other words the Chinese middle class need to get spending at home, not at Harrods. And that old commie dictator is turning in his mausoleum as a bonus.
soundofthesuburbs 12h ago
Is China playing a blinder.
It is centrally planned, which allows big picture, strategic thinking.
China still has scope to lower interest rates to make its debt more affordable, in the West that luxury disappeared seven years ago.
In the West, the inflated prices of assets that already exist will go down to their pre-bubble levels.
China will have its infrastructure and empty cities ready for the future.
dracflav 13h ago
Kissing China's ass for more trade won't help.
Beastcheeks 14h ago
My god, all I see is landfill here...why is this article celebrating this ignorant and destructive greed-fest?
laobaixing07 Beastcheeks 7h ago
Not celebrating, sweetie - just reporting on this social phenomenon. I'm in China and i learned yesterday that the shopping online started at midnight on the 11th. Millions of people stayed up into the wee hours to shop online before the websites might crash or all the goodies would sell out.
ElpieKay 19h ago
TheEqlaowaizer ElpieKay 18h ago
and its obliterating street shops in a far faster manner in China than it ever could in other countries.
Pollik TheEqlaowaizer 11h ago
Amazon is going in the other direction - it opened its first shop recently
ElpieKay TheEqlaowaizer 6h ago
Street shops are still there. They just sell other stuff not appropriate for online sales.
Dimitri 19h ago
Elsewhere in China, people have no clean air to breathe...but at least they can click their way to happiness..
"The production of too many useful things results in too many useless people."
ShanghaiGuy Dimitri 17h ago
Air purifiers are in the sale... we'll buy new filters :-)
Dimitri ShanghaiGuy 17h ago
Good luck with that...but it's not people that need to buy filters, its your factories that need to filter their pollutants, and clean transport systems in cities as an alternative to so many cars...
The air in Beijing is so polluted that breathing it does as much damage to the lungs as smoking 40 cigarettes a day, says a new study.
The report said air pollution in China kills about 4,000 people every day, about 17 percent of all deaths in China, but noted that connecting mortality to pollution is "complicated."
if the above stats are true, you have an extremely serious problem that is likely only to get worse...hope i'm wrong about that...
Oakland66 Dimitri 7h ago
This particular quote does not necessarily reflect Marx's thinking. It is drawn from an experimental work (The Economic and Philosophical Manuscripts) which was never intended to be published. More significantly the mature Marx contradicted this line of reasoning as he seriously got into economic theory. Indeed for the later Marx the very point of capitalism is to drive our productive capabilities, with the market playing a key role in determining the direction of our advances. Anyway who thinks that they have the right to decide on the correctness of other people's desires, unless they believe that they are God?
caramel10 21h ago
"one man lamented how in recent years his wife had frittered away 130,000 yuan (￡13,500) of their hard-earned savings on Double Eleven purchases – thus dashing their dreams of buying a new home."
And you didn't learn after the first time?!!!
blowhorn 21h ago
Quick, it's buy one get one free on all white goods!
TheEqlaowaizer 21h ago
Be great if the place could find one day a year for charity, instead of "looking for any excuse to buy themselves a present".
burnout02 TheEqlaowaizer 3h ago
In China, the charities are on the take. Might as well spend on yourself instead.
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